$2,998 Closing Credit*
$252,500
2 Beds
•2 Full Baths
Angela Brit Morales, Listing Office: Charis Realty Group
Is Sykesville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sykesville has remained a Seller's Market.
Key Takeaway
Sykesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sykesville, MD
How much do homes in Sykesville, MD cost?
Median Sold Price
$534,500
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,833(+11.0%)
Key Takeaway
Homes in Sykesville have sold for 11% more than they did a year ago.
Summary: The median home sold price in Sykesville was $534,500 in November 2024, up 11% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $203.5K | +4.4% |
| 2 Bedrooms | $270K | $274.5K | +1.7% |
| 3 Bedrooms | $415K | $455.2K | +9.7% |
| 4 Bedrooms | $620K | $649.9K | +4.8% |
| 5+ Bedrooms | $830K | $687.5K | -17.2% |
Summary: Sykesville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 17.2%.
Housing Supply in Sykesville, MD
How many homes are available in Sykesville, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 94 | -12.1% |
Summary: The Sykesville real estate market had 94 homes for sale in November 2024, a 12.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 47 | 41 | -12.8% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Sykesville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 27 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sykesville, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Sykesville in November 2024, down by 40.0% month-over-month. Of the 27 sold homes, 22% were sold under asking, 37% were sold at asking, and 41% were sold over asking.
Days on Market for Sykesville, MD
How long does it take to sell a home in Sykesville, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 11 Days | -49.3% |
Summary: Homes in Sykesville had an average of 11 days on market in Nov 2024, down by 49.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sykesville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Sykesville; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
